RE: Looking to retest 39.5p9 Nov 2021 10:10
It's disappointing to be at just above 30p and a £50M MCap when many here were dreaming of a lot higher. Nonetheless, having bought the asset for pretty much our current market cap and at $40 a barrel we should start to the recover from here which the barrel stabilising above $80 which was never foreseen. Add in some half decent RNSs and soon we'll be away. The deep well appraisal is drilled with six oil bearing zones identified. Also, least we forget about Cole Creek at 66% ownership which is a gem in waiting.
Patience should start to pay soon and coming up to mid November I think it's fair to say we've pretty much weathered the storm. Looking foward to increased production and the sentiment switch in the build up to Xmas and beyond